I've seen one-bedrooms for $1,300 in the Lake Merritt area." The increase in price was even more dramatic compared to when Traverso used to live in Oakland, in 2010. Back then, Traverso said he rented a "large" studio with a balcony, parking, and spacious closets near Piedmont Avenue for $850. He recently ran into his old landlord, who said he was now renting his unit for $1,150. That's a 35 percent increase in two years. As a result, Traverso said he's now considering moving to downtown Sacramento, where he can rent a one-bedroom apartment for $700 or $800 a month....
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http://www.eastbayexpress.com/ebx/rent-prices-soar-in-oakland/Content?oid=3417061